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BEIJING -- China is considering plans to relax controls over the issuance of new car licenses in major cities to boost flagging auto sales, financial magazine Caixin reported on Wednesday, citing a draft document by the country's state planner.
China plans to approve new rules for foreign investment in the country this week, a sweeping overhaul of regulations that will affect corporate titans from Ford to Alibaba and Tencent. Key pillars of the new law will remove a major threat to investors in China¡¯s massive technology sector, while putting thousands of overseas companies on notice they may need to renegotiate joint ventures in China.
The U.S. and China
are on the cusp of a "historic" deal that would commit Beijing to
cut subsidies for state-owned companies and disclose when its
central bank intervenes in currency markets, a top White House adviser
said. China has also pledged to "de-emphasize" plans to
dominate in emerging technologies, including electric vehicles, outlined in a Made-in-China 2025
plan, said Larry Kudlow, director of the National Economic Council.
FRANKFURT -- German automakers appealed for tariff-free trade to preserve jobs in Europe and the
United States, as the country's auto industry association
reported exports of German light vehicles from the United States to China dropped 37 percent last year.